Leading economic index drops 0.2% in November

WASHINGTON (MarketWatch) - The U.S. economy looks to be slowing, the Conference Board said Thursday as it reported its leading economic index dropped in November. The leading economic index dropped 0.2% in November, in line with the MarketWatch-compiled economist consensus and the fourth fall of the year. A rise in jobless claims and a drop in stock prices and the new-orders component of a manufacturing survey led to the decline, more than offsetting gains from building permits and other financial components. "The indicators reflect an economy that remains weak in the face of strong domestic and international headwinds, as it faces a looming fiscal cliff," said Ken Goldstein, economist at The Conference Board.

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